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The NCFM approved the financial recovery plan for the insurance company Moldova-Astrovaz and canceled the procedure for temporary special management in Moldasig.

The NCFM approved the financial recovery plan for the insurance company Moldova-Astrovaz and canceled the procedure for temporary special management in Moldasig.

17.09.2019

According to the decision of the administration of the National Commission for the Financial Market, Moldova-Astrovaz will be in the process of financial recovery for 9 months. The NCFM decided to introduce such a regime after a thematic audit conducted by this insurance company as of December 31, 2018, during which were identified numerous deviations and violations in the formation of technical insurance reserves, including when issuing Green insurance policies map". It is forbidden to conclude new contracts on external motor third party liability insurance (“Green Card”) during the financial ...
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